Samsung, the world’s leading smartphone maker, has officially announced the closure of its remaining factory in China. In an email on Friday, South Korean tech giant Samsung Electronics said they would no longer manufacture smartphones in China.
In an email sent to international media on Friday, Samsung said the smartphone manufacturing factory in China’s southern Huizhou was closed last month. The decision to stop Samsung Electronics operations in Huizhou was a complex one. Samsung reported the matter last Wednesday (September 2), according to a report by Reuters.
Last June, the production capacity of the factory in Hangzhou was reduced. Earlier, Samsung stopped production of a factory at the end year of 2018. According to research firm Counterpoint, the business of Chinese smartphone makers such as Xiaomi, OnePlus and Huawei is growing very fast. As a result, Samsung could not benefit China. Samsung’s market share fell 1 percent in the first quarter of this year. Year of 2013 the first quarter of the year, their market share was 15 percent.
Samsung Company Indoor